|
Consolidated Balance Sheets (USD $)
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Dec. 31, 2012
|
| Current assets: |
|
|
|
| Cash and cash equivalents |
$ 1,042,456 |
$ 1,480,183 |
$ 5,357,596 |
| Restricted cash |
375,211 |
375,211 |
105,000 |
| Credit card holdback receivable |
232,264 |
250,879 |
287,293 |
| Accounts receivable, net of allowances and reserves of $37,850 and $36,129, respectively |
385,370 |
347,301 |
320,019 |
| Prepaid expense and other current assets |
114,863 |
115,062 |
204,824 |
| Total current assets |
2,150,164 |
2,568,636 |
6,274,732 |
| Fixed assets and intangible assets, net |
522,462 |
567,082 |
548,549 |
| Notes receivable |
170,566 |
169,327 |
165,716 |
| Investments |
100,000 |
75,000 |
|
| Total assets |
2,943,192 |
3,380,045 |
6,988,997 |
| Current liabilities: |
|
|
|
| Accounts payable |
861,730 |
836,247 |
799,183 |
| Accrued expenses and other current liabilities |
671,142 |
581,223 |
240,049 |
| Deferred revenue |
|
1,942,766 |
|
| Deferred subscription revenue |
1,826,771 |
|
2,524,229 |
| Deferred advertising revenue |
300,000 |
|
|
| Total current liabilities |
3,659,643 |
3,360,236 |
3,563,461 |
| Long-term deferred rent |
12,058 |
21,150 |
48,340 |
| Warrant liability |
140,550 |
609,050 |
1,616,325 |
| Total liabilities |
3,812,251 |
3,990,436 |
5,228,126 |
| Stockholders' (deficit) equity: |
|
|
|
| Preferred Stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding |
|
|
|
| Common Stock, $0.001 par value, 100,000,000 shares authorized, 49,987,826 and 44,007,826 shares issued, respectively, and 39,132,826 and 38,832,826 shares outstanding, respectively |
39,133 |
38,933 |
38,833 |
| Additional paid-in capital |
10,813,205 |
10,412,291 |
9,437,422 |
| Accumulated deficit |
(11,721,397) |
(11,061,615) |
(7,715,384) |
| Total stockholders' (deficit) equity |
(869,059) |
(610,391) |
1,760,871 |
| Total liabilities and stockholders' (deficit) equity |
$ 2,943,192 |
$ 3,380,045 |
$ 6,988,997 |